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Zodiac Energy IPO is a fixed price issue of ₹10.14 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹10.14 crore.
Zodiac Energy IPO bidding started from Nov 23, 2017 and ended on Nov 27, 2017. The shares got listed on NSE SME on Dec 5, 2017.
Zodiac Energy IPO price is ₹52.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Swastika Investmart Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Zodiac Energy IPO RHP for detailed Information.
| IPO Date | November 23, 2017 to November 27, 2017 |
| Listing Date | December 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,50,000 shares (aggregating up to ₹10.14 Cr) |
| Reserved for Market Maker | 98,000 shares Beeline Broking Ltd. (aggregating up to ₹0.5096 Cr) |
| Net Offered to Public | 18,52,000 shares (aggregating up to ₹9.63 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 53,66,720 shares |
| Share Holding Post Issue | 73,16,720 shares |
Zodiac Energy offers total 19,50,000 shares. Out of which 9,26,000 (47.49%) allocated to NII, 9,26,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 98,000 (5.03%) |
| NII (HNI) Shares Offered | 9,26,000 (47.49%) |
| Retail Shares Offered | 9,26,000 (47.49%) |
| Total Shares Offered | 19,50,000 (100.00%) |
Zodiac Energy IPO opens on November 23, 2017, and closes on November 27, 2017.
| IPO Open Date | Thu, Nov 23, 2017 |
| IPO Close Date | Mon, Nov 27, 2017 |
| Tentative Listing Date | Tue, Dec 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 27, 2017 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Incorporated in 1992, Zodiac Energy Limited is Ahmedabad, Gujrat based Energy Solution Provider company. Company provides turnkey solutions from concept to commissioning of power plants. The services provided by the company include design, supply, installation, testing and commissioning (EPC) and operation & maintenance (O&M).
Zodiac Energy has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group, Torrent Power Limited, Gujarat Energy development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GoI), Indian Oil Corporation Limited to name a few. The company has installed more than 6,000 KW of Rooftop solar power plants till now and it envisages to reach at 10,000 KW by end of 2017-18.
The Company Zodiac Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Net Incremental Working Capital Requirement | 7.95 |
| 2 | General Corporate Purpose | 1.69 |
| 3 | Public Issue Expenses | 0.50 |
[Dilip Davda] Investment may be considered for medium to long term in this power sector offer. (Subscribe). Read detail review...
| Listing Date | December 5, 2017 |
| BSE Script Code | |
| NSE Symbol | ZODIAC |
| ISIN | INE761Y01019 |
| Final Issue Price | ₹52 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹62.40 |
| Low | ₹49.55 |
| High | ₹62.40 |
| Last Trade | ₹51.10 |
Zodiac Energy Ltd.
A-1204, Siddhi Vinayak Towers,
Off S G Highway,
Makarba, Vejalpur,
Ahmedabad, Gujarat, 380051
Phone: +91 79 2970 4116
Email: compliance@zodiacenergy.com
Website: http://zodiacenergy.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: zodiacenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Zodiac Energy IPO is a SME IPO of 19,50,000 equity shares of the face value of ₹10 aggregating up to ₹10.14 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on November 23, 2017, and closes on November 27, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Zodiac Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Zodiac Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zodiac Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zodiac Energy IPO opens on November 23, 2017 and closes on November 27, 2017.
Zodiac Energy IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Zodiac Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Zodiac Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Zodiac Energy IPO allotment status.
The Zodiac Energy IPO listing date is on Tuesday, December 5, 2017.
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